TOKYO -- Toshiba Memory Holding will buy the solid state drive business of Taiwan's Lite-On Technology for $165 million, the chipmaker said Friday, looking to bolster operations with an eye on a possible stock market debut.
The acquisition is expected to close by the first half of 2020. Lite-On is a key buyer of Toshiba's NAND memory chips, which it uses to build the drives. It also produces parts for servers, computers and automobiles.
